2022-07-012023-06-302023-06-30false10817439Sher Investments 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Sher Investments Limited

Registered Number
10817439
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

Sher Investments Limited
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

Danilet, Stefan

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

10817439 (England and Wales)
Sher Investments Limited
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,311,2931,311,293
1,311,2931,311,293
Current assets
Cash at bank and on hand139,03811,897
139,03811,897
Creditors amounts falling due within one year4(905,044)(965,095)
Net current assets (liabilities)(766,006)(953,198)
Total assets less current liabilities545,287358,095
Creditors amounts falling due after one year5(485,709)(325,000)
Net assets59,57833,095
Capital and reserves
Called up share capital100100
Profit and loss account59,47832,995
Shareholders' funds59,57833,095
The financial statements were approved and authorised for issue by the Director on 20 March 2024, and are signed on its behalf by:
Danilet, Stefan
Director
Registered Company No. 10817439
Sher Investments Limited
Notes to the Financial Statements
for the year ended 30 June 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 July 221,311,2931,311,293
At 30 June 231,311,2931,311,293
Net book value
At 30 June 231,311,2931,311,293
At 30 June 221,311,2931,311,293
4.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties699,193743,193
Taxation and social security13,6097,397
Other creditors191,612213,905
Accrued liabilities and deferred income630600
Total905,044965,095
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts485,709325,000
Total485,709325,000
6.Related party transactions
At the balance sheet date the company owed £189,388 (2022 : £213,905) to the director which is an interest free loan with no fixed date for repayment.